We all know how influential and important The United States economy has been to the world, but the most Impact the economy has had is on the neighboring nation of Mexico, which is a very underdeveloped nation when compared to the United States. But in the slowdown of the United States economic growth, we have been seeing some major changes in the Mexican economy too, which are being completely overlooked by many as the nation Is overshadowed by the United States for the most part.
Mexico and United States have been growing hand in hand, but this trend seems to have changed this year as the Mexican economy has slowed down, but the United States did not, which is very unusual of the nations. Mexico created a similar situation in the Tequila crisis in the 1990s, which was the last time Mexico saw a major slowdown even then the US economy held its place and did not slow down. This has been affecting the US economy, too, as this will be coming from the uncertainty of the trade agreement between the US, Canada, and Mexico, which has shaken the sentiment in the economies.
So the US economy might take a major hit if this deal does not go through as this deal will be a very beneficial one and also might help the nation to get better relations with Mexico, which have been absent ever since Trump took over administration. Co operation would be crucial in the US drug crisis and might help in ending it soon.
Tags : US, Mexico, Canada,